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Cummins\u2019 Generators and Power Systems arm confirmed February 11 that it has acquired the assets of mining and rail power retrofitter First Mode.<\/p>\n\n\n\n
The OEM\u2019s officials said the purchase, the financial details for which were not disclosed, includes the latter\u2019s hybrid mining and rail product lines, and the full IP portfolio which includes hydrogen and battery powertrain solutions. This technology represents the first commercially available retrofit hybrid system for mining equipment, significantly reducing total cost of ownership while advancing decarbonization in operations.
In addition to the above, Cummins will also get First Mode\u2019s commercial portfolio and manufacturing and technical teams in the United States as well as Australia and Chile. First Mode, meanwhile, will continue to serve customers through the transition and is dedicated to meeting customers\u2019 needs by shipping product in Q1.
Jenny Bush, President of Power Systems at Cummins, said the acquisition is a reinforcement of its commitment to providing innovative, effective decarbonization solutions \u2013 and will also elevate its product portfolio while meeting the needs of customers that are going lower-carbon.<\/p>\n\n\n\n
\u201cThis acquisition is an important step forward in our goal to lead our Power Systems customers through the energy transition,\u201d Bush said.<\/p>\n\n\n\n
\u201cWith First Mode\u2019s hybrid retrofit technology, we are accelerating our ability to provide decarbonization solutions that meet miners\u2019 need to drive down operating costs today.\u201d <\/p>\n\n\n\n
First Mode will operate within the Power Systems industrial segment. <\/strong><\/p>\n\n\n\n A broader commitment to carbon reduction \u201cCummins\u2019 dedication to partnering with original equipment manufacturers (OEMs) and miners ensures that these technologies are developed and tested in real-world environments,\u201d Bush added. \u201cWith hybrid retrofit kits, modular component upgrades and scalable solutions, we are bringing miners the flexibility and confidence they need to decarbonize operations while adapting to evolving technologies and infrastructure.\u201d Source: cummins.com<\/em><\/p>\n","protected":false},"excerpt":{"rendered":" Cummins\u2019 Generators and Power Systems arm confirmed February 11 that it has acquired the assets of mining and rail power retrofitter First Mode. The OEM\u2019s officials said the purchase, the financial details for which were not disclosed, includes the latter\u2019s hybrid mining and rail product lines, and the full IP portfolio which includes hydrogen and battery powertrain solutions. This technology…<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_themeisle_gutenberg_block_has_review":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[495],"tags":[1486,3600,3599],"coauthors":[1644],"class_list":["post-9538","post","type-post","status-publish","format-standard","hentry","category-latest-news","tag-cummins","tag-power-systems","tag-rail-power"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t
<\/strong>Cummins is at the forefront of developing multiple technology pathways to help the mining industry transition to a sustainable future. Through product hybridization and clean fuels such as ethanol and methanol, Cummins is developing bridge technologies that enable miners to maximize the life of existing fleets while reducing carbon emissions.\u00a0<\/p>\n\n\n\n
With its vast global service network, Cummins is prepared to support newly developed bridge technologies, ensuring seamless integration and ongoing support for mining and rail applications.<\/p>\n\n\n\n